Ododo Commissions Kogi Lubricant Factory, Announces Three-Year Tax Waiver For Investors

Kogi State Governor Ahmed Usman Ododo has commissioned the Confluence Lube lubricant blending and packaging factory along the Ganaja-Ajaokuta Expressway, announcing a three-year waiver on selected state levies to stimulate industrial growth and attract private investment.

The governor made the announcement on Sunday during the commissioning ceremony, listing the waived levies to include Land Use Charge, Environmental Levy, Business Premises Annual Renewal, Fire Service Levy and Economic Development Levy.

Ododo described the investment by Godec Power Nigeria Limited as a significant contribution to the state’s industrialisation drive, job creation and economic prosperity, noting that the facility demonstrated growing confidence in Kogi’s economic potential.

He commended President Bola Ahmed Tinubu for creating an enabling environment for industrialisation and private-sector investment, declaring that Nigeria was gradually regaining its glory.

The governor emphasised that his administration welcomed investors willing to process resources locally rather than take raw materials out of the state without creating corresponding economic benefits for its people.

Ododo reaffirmed his commitment to building a private sector capable of employing far more people than the public sector, adding that Kogi possessed the strategic location, resources and human capacity to emerge as a major industrial hub in Nigeria.

In his welcome address, Chief Okechukwu Obika, Managing Director and Chairman of Godec Power Nigeria Limited, said the company was established in 2001 as an electricity trading business and had since diversified into cargo tricycle assembly and distribution, lubricant production, plastic recycling, plastic container manufacturing, industrial tools and agricultural processing equipment.

Obika, who is also the Vice President of the Igbo Community in Kogi State, explained that the Confluence Lube facility produces engine oils for petrol and diesel engines, transmission oils and plastic containers, with plans underway to introduce hydraulic oil, brake fluid, transformer oil and grease.

He disclosed that the company had already created 100 direct jobs and more than 200 indirect jobs, adding that expansion to full operational capacity could increase employment to over 300 direct jobs and more than 1,000 indirect jobs.

The Kogi State Commissioner for Commerce and Industry, Muhammed Muktar Shuaibu, expressed the state government’s commitment to working with investors and communities across the state to promote economic development, stressing the importance of cooperation and inclusion.